AT LEAST ten Saudi Arabian agricultural companies want to make the Philippines their food production hub and distribution center in the Far East.
Agriculture Secretary Arthur Yap, who accompanied President Gloria Macapagal-Arroyo in her two-day visit to this Saudi Arabia’s eastern province bared this adding that the 10 investors forming the Far East Agricultural Co. (FEAC) are interested making in Mindanao part of their social and economic development plans.
The Philippines is currently Saudi Arabia’s top supplier of bananas, number four in pineapples, number two in sardines, and number three in tuna, Yap said.